Exxon Mobil and Chevron posted their highest-ever profits, reaping the rewards from surging commodity prices amid supply disruptions and rising demand.
Exxon Mobil Corp. and Chevron Corp. posted their highest-ever profits, reaping the rewards from surging commodity prices amid supply disruptions and rising demand.
Chevron shares jumped as much as 9.5 per cent for the day’s second-best performance in the S&P 500 Index. Exxon rose almost 5 per cent, bringing its year-to-date advance to 58 per cent. As for Chevron, net income of US$11.6 billion exceeded the previous record set in 2008 by almost 50 per cent.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exxon, Chevron post record profits on surging commodity pricesExxon warned that global energy supplies will remain tight and expensive for the foreseeable future. Read more
Read more »
Exxon, Chevron post record profits on surging commodity pricesExxon warned that global energy supplies will remain tight and expensive for the foreseeable future. Read more
Read more »
Exxon, Chevron post record profits on surging commodity pricesExxon warned that global energy supplies will remain tight and expensive for the foreseeable future. Read more
Read more »
Exxon, Chevron post record profits on surging commodity pricesExxon warned that global energy supplies will remain tight and expensive for the foreseeable future. Read more
Read more »
Toronto apartment rents soar 20% to record with market tightening - BNN BloombergToronto tenants are saying goodbye to the era of COVID-19 discounts, with rents fully recovering pandemic losses and reaching record levels, according to new data.
Read more »
Inflation 'manageable' after massive profit upswing: Cenovus CEO - BNN BloombergCenovus Energy chief executive Alex Pourbaix said inflation has been 'manageable' for the energy company so far, but is something he is certainly keeping an eye on.
Read more »